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Akimi4 [234]
3 years ago
8

You have decided to start saving for college and open up a 529 account. You invest $5,000 into the account at a 2% interest rate

compounded monthly. How much money will you have after 5 years?
$5,520.40
$5,525.39
$6,744.25
$16,405.15
Mathematics
1 answer:
raketka [301]3 years ago
6 0

You will have $5,525.39 after 5 years.

Because the interest is compounded monthly, you need to convert the interest rate and the term of investment to a monthly basis.

Monthly interest = 2% / 12 = 2/12%

Term of investment = 5 x 12 = 60 months

To find the amount you will have in 5 years, use the formula:

<em>Future value = Amount * ( 1 + interest) ^ term of investment </em>

= 5,000 x ( 1 + 2/12%)⁶⁰

= $5,525.39

In conclusion, your investment will have compounded to $5,525.39 in 5 years.

<em>Find out more at brainly.com/question/3473483.</em>

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The yearly sales of candles decreased from 560 to 476. By what percentage did the candle sales decrease?
Korvikt [17]

The candle sales decreases to - 15 percentage.

<u>Step-by-step explanation:</u>

(476 - 560) : 560 x 100

= (476 : 560 - 1)100

= 85 - 100 = - 15

Therefore, - 15% did the candle sales decrease.

4 0
3 years ago
Rob mixed 3.7 grams of salt into a pot of soup he was cooking. Before he served the soup, Rob added 0.5 grams of salt. How much
saul85 [17]

Answer:

4.2 grams in total

Step-by-step explanation:

<h2>Remember to line up the decimal point when adding numbers that contain decimals.</h2>

 3.7

+0.5

_______

 4.2                    

5 0
3 years ago
Please help with 3 questions and show all work!!!
sergeinik [125]
Question 1:
Since the triangles are congruent, we know that QS = TV
This means that 
3v + 2 = 7v - 6
Subtract both sides by 2
3v = 7v - 8
Subtract 7v from both sides
-4v = -8
Divide both sides by -4
v = 2
Plug this value back into 3v + 2 and you get 8.
QS = 8
Since the triangles are congruent
QS = 8    AND    TV = 8

Question 2:
So we know that AC = AC because that's a shared side.
It's also given that BC = CD.
In order for two triangles to be congruent by SAS, the angle between the two sides must be congruent.
That means angle C must be congruent to angle C from the other triangle.

Question 3:
We know that AC = AC because it's a shared side.
We also know that angle A from one triangle is equal to angle C from the other.
However, for a triangle to be congruent by SAS, the congruent angle must be between two congruent sides. 
In order for us to prove congruence by SAS, AD must be congruent to BC.

Have an awesome day! :)
3 0
3 years ago
Please help i’ll give brainless
Lynna [10]

Answer: 6 units

Step-by-step explanation:

You count the numbers between A and C

8 0
3 years ago
Read 2 more answers
3.1 - 3.9n - 2n + 6 =<br> I know it's a simple question I just keep forgetting how to do things.
Sliva [168]

Answer:

-5.9n+9.1

Step-by-step explanation:

3.1 - 3.9n - 2n + 6=

Combind like terms

Step 1: -3.9 - 2n=-5.9n

Step 2: 6 + 3.1=9.1

Combine:

-5.9n+9.1

3 0
2 years ago
Read 2 more answers
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